Question: Question 10 0.2 pts Pulling this together...using the same data as the last few problems...A new logistics analyst has approached you regarding a potential problem.

Question 10 0.2 pts Pulling this together...using
Question 10 0.2 pts Pulling this together...using
Question 10 0.2 pts Pulling this together...using the same data as the last few problems...A new logistics analyst has approached you regarding a potential problem. Her analysis indicates the cost of a back order is $70 for our Autographed Footballs, but she is not sure what the appropriate safety stock should be. Given this back order cost, what would you suggest as the appropriate level of safety stock? $200 Football cost Annual Demand 5000 units $250 40% Cost per Order Cost to hold the item per year Economic order quantity Lead Time Standard Deviation of Forecasted Demand During Lead Time 177 2 weeks 20 Kto Service Level Conversion 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.0 0.5000 0.5040 0.5080 0.5160 0.5199 0.5239 0.5279 0.5319 0.5359 0.5120 0.5517 0.1 0.5398 0.5438 0.5478 0.5557 0.5596 0.5636 0.5675 0.5714 0.5753 0.2 0.5793 0.5832 0.5871 0.5910 0.5948 0.6064 0.6103 0.6141 0.5987 0.6368 0.6026 0.6406 0.3 0.6179 0.6217 0.6255 0.6293 0.6331 0.6443 0.6480 0.6517 0.4 0.6554 0.6591 0.6628 0.6664 0.6700 0.6736 0.6844 0.6772 0.7123 0.6879 0.7224 0.5 0.6915 0.6950 0.6985 0.7019 0.7054 0.7088 0.7190 0.6808 0.7157 0.7486 0.7794 0.6 0.7257 0.7291 0.7324 0.7357 0.7389 0.7422 0.7454 0.7764 0.7549 0.7852 0.7 0.7580 0.7611 0.7642 0.7673 0.7704 0.7517 0.7823 0.8106 0.7734 0.8 0.7910 0.7967 0.8023 0.8051 0.8078 0.8133 0.7881 0.8159 0.7939 0.8212 0.7995 0.8264 0.9 0.8186 0.8238 0.8289 0.8315 0.8340 0.8365 0.8389 1.0 0.8413 0.8438 0.8485 0.8508 0.8531 0.8577 0.8599 0.8621 0.8461 0.8686 0.8554 0.8770 1.1 0.8643 0.8665 0.8708 0.8729 0.8749 0.8790 0.8810 0.8830 1.2 0.8849 0.8869 0.8907 0.8925 0.8944 0.8962 0.8980 0.8997 0.9015 0.8888 0.9066 1.3 0.9032 0.9049 0.9082 0.9099 0.9115 0.9131 0.9147 0.9162 0.9177 1.4 0.9192 0.9207 0.9222 0.9236 0.9265 0.9278 0.9292 0.9306 0.9251 0.9382 0.9319 0.9441 1.5 0.9332 0.9345 0.9357 0.9370 0.9394 0.9406 0.9418 0.9429 1.6 0.9452 0.9463 0.9474 0.9484 0.9495 0.9505 0.9515 0.9545 0.9525 0.9616 0.9535 0.9625 1.7 0.9554 0.9564 0.9573 0.9582 0.9591 0.9599 0.9608 0.9633 1.8 0.9641 0.9649 0.9656 0.9678 0.9686 0.9693 0.9699 0.9706 0.9664 0.9732 0.9671 0.9738 1.9 0.9713 0.9719 0.9726 0.9744 0.9750 0.9756 0.9761 0.9767 O 10 O 15 o 20 30 O O O 35

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!